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SVV-Tech: what changed

Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.

What changed

SVV-Tech

BE 0725.736.677
NACE 43.211, General electrical installation work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€9,870
2023 · €4,212+€5,658
Equity
€50,804
2023 · €40,934+€9,870
Cash
€5,196
2023 · €10,620-€5,424
Balance sheet total
€94,247
2023 · €75,248+€18,999

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€34,174

    up €34,174 (+73.9%), from €46,231 to €80,405

    of which Other amounts receivable: +€33,875

  • Stocks and contracts -€12,251

    down €12,251 (-69.0%), from €17,765 to €5,514

    of which Stocks: -€7,001

  • Cash -€5,424

    down €5,424 (-51.1%), from €10,620 to €5,196

    mainly Receivables within one year (-€34,174) and Investment in fixed assets (net) (-€5,000)

  • Tangible fixed assets +€2,500

    new in 2024: €2,500

Equity and liabilities
  • Reserves +€9,870

    up €9,870 (+28.4%), from €34,734 to €44,604

    of which Distributable reserves: +€9,870

  • Tax, wage and social debts +€6,274

    up €6,274 (+72.9%), from €8,605 to €14,879

  • Debts after one year -€4,331

    down €4,331 (-29.0%), from €14,940 to €10,609

  • Accrued charges and deferred income +€4,275

    up €4,275 (+712.5%), from €600 to €4,875

  • Trade debts +€2,912

    up €2,912 (+48.1%), from €6,056 to €8,968

Income statement
  • Gross operating margin +€11,415

    up €11,415 (+142.4%), from €8,017 to €19,432

  • Other operating charges +€3,001

    up €3,001 (+167.8%), from €1,788 to €4,789

  • Depreciation +€2,500

    new in 2024: €2,500

  • Taxes +€1,000

    up €1,000 (+50.0%), from €2,000 to €3,000

  • Financial income +€476

    up €476 (+43.3%), from €1,099 to €1,575

From the 2023 result to the 2024 result

effect on the result

Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.

Result 2023 €4,212
Gross operating margin +€11,415
Depreciation -€2,500
Other operating charges -€3,001
Financial income +€476
Financial charges +€268
Taxes -€1,000
Result 2024 €9,870

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€3,908
Investment -€5,000
Financing -€4,332
Cash 2023 €10,620
Net result for the year +€9,870
Depreciation +€2,500
Stocks and contracts +€12,251
Receivables within one year -€34,174
Trade debts +€2,912
Tax, wage and social debts +€6,274
Accrued charges and deferred income +€4,275
Investment in fixed assets (net) -€5,000
Debts after one year -€4,331
Current portion of long-term debt -€1
Cash 2024 €5,196
Every line side by side 42 lines
Line Code 2023 2024 Change %
Total assets 20/58 €75,248 €94,247 +€18,999 +25.2%
Fixed assets 21/28 - €2,500 +€2,500
Tangible fixed assets 22/27 - €2,500 +€2,500
Furniture and vehicles 24 - €2,500 +€2,500
Current assets 29/58 €75,248 €91,747 +€16,499 +21.9%
Stocks and contracts in progress 3 €17,765 €5,514 -€12,251 -69.0%
Stocks 30/36 €10,015 €3,014 -€7,001 -69.9%
Contracts in progress 37 €7,750 €2,500 -€5,250 -67.7%
Amounts receivable within one year 40/41 €46,231 €80,405 +€34,174 +73.9%
Trade receivables 40 €10,690 €10,989 +€299 +2.8%
Other amounts receivable 41 €35,541 €69,416 +€33,875 +95.3%
Cash at bank and in hand 54/58 €10,620 €5,196 -€5,424 -51.1%
Deferred charges and accrued income 490/1 €632 €632 = 0.0%
Total equity and liabilities 10/49 €75,248 €94,247 +€18,999 +25.2%
Equity 10/15 €40,934 €50,804 +€9,870 +24.1%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €34,734 €44,604 +€9,870 +28.4%
Non-distributable reserves 130/1 €950 €950 = 0.0%
Reserves not available under the articles 1311 €950 €950 = 0.0%
Distributable reserves 133 €33,784 €43,654 +€9,870 +29.2%
Amounts payable 17/49 €34,314 €43,443 +€9,129 +26.6%
Amounts payable after more than one year 17 €14,940 €10,609 -€4,331 -29.0%
Financial debts 170/4 €14,940 €10,609 -€4,331 -29.0%
Amounts payable within one year 42/48 €18,774 €27,959 +€9,185 +48.9%
Current portion of amounts payable after more than one year 42 €4,113 €4,112 -€1 0.0%
Trade debts 44 €6,056 €8,968 +€2,912 +48.1%
Suppliers 440/4 €6,056 €8,968 +€2,912 +48.1%
Taxes, remuneration and social security 45 €8,605 €14,879 +€6,274 +72.9%
Taxes 450/3 €8,605 €14,879 +€6,274 +72.9%
Accrued charges and deferred income 492/3 €600 €4,875 +€4,275 +712.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €2,500 +€2,500
Other operating charges 640/8 €1,788 €4,789 +€3,001 +167.8%
Gross operating margin 9900 €8,017 €19,432 +€11,415 +142.4%
Operating profit (loss) 9901 €6,229 €12,143 +€5,914 +94.9%
Financial income 75/76B €1,099 €1,575 +€476 +43.3%
Recurring financial income 75 €1,099 €1,575 +€476 +43.3%
Financial charges 65/66B €1,116 €848 -€268 -24.0%
Recurring financial charges 65 €1,116 €848 -€268 -24.0%
Profit (loss) for the period before taxes 9903 €6,212 €12,870 +€6,658 +107.2%
Income taxes 67/77 €2,000 €3,000 +€1,000 +50.0%
Profit (loss) for the period 9904 €4,212 €9,870 +€5,658 +134.3%
Profit (loss) for the period to be appropriated 9905 €4,212 €9,870 +€5,658 +134.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.